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Updated about 3 years ago on . Most recent reply presented by

Michael Szymanski's profile image
Michael Szymanski's profile image
Michael Szymanski
  • from The Villages, FL
  • Member since May 11, 2017
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12
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Michael Szymanski's profile image
Michael Szymanski's profile image
Michael Szymanski
  • from The Villages, FL
  • Member since May 11, 2017
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Michael Szymanski
  • The Villages, FL
5
Votes |
12
Posts
Tax, SDIRAs & Cost Segregation

Clarification on Foreign Entity Status

Michael Szymanski
  • The Villages, FL
Posted

I am one of two managing members of an LLC which is formed in Virginia. I live in Florida and my partner is in Virginia and all of our business has been conducted in Virginia. Our accountant is telling us our LLC is being taxed in Virginia as a foreign entity since I reside in Florida. Just looking for some clarification on this. Thank you in advance and hope I made some sense with the explanation.

 

Virginia Beach, Virginia
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